Gold & XAU Signal New Rallies (Late-Oct ’24 = Cycle High); Dollar Confirming Pivotal Low!
10-05-24 – “The Dollar Index fulfilled the outlook for selling into, and a multi-week bottom on, Sept 27/30. It has surged to its weekly LHR but could spike as high as the monthly LHR (reserved for subscribers) as part of this advance… The Dollar Index fulfilled the outlook for selling into Sept 27/30 – when a multi-week low was most likely. It has surged as the Euro & Yen fulfilled related analysis for new sell-offs…
Gold & Silver pulled back into month-end while twice neutralizing their daily uptrends. They did not turn those trends down, reinforcing the potential for additional upside in October. Silver remains on track to exceed its May 2024 high as part of this advance. It just attacked that level while setting new multi-month highs in October.
They continue to reinforce analysis that projected major, multi-year lows to take hold in late-2022 and lead to a multi-year advance. That has been unfolding since then. Ultimately, these trends and cycles could spur higher prices into 2027 – when major cycles converge.
In the interim, they were forecast to rally into Sept/Oct 2024, when a decisive peak could take hold… From a price perspective, both Gold & Silver have fulfilled primary upside price targets – on a 3 – 6 month basis – and could peak at any time…. they are likely within weeks of setting multi-month peaks. Price action needs to identify when & where (and even how) a reversal is taking hold. Until then, the trends remain up…
The XAU & HUI acted similar to Gold & Silver, pulling back into month-end while twice neutralizing their daily uptrends… The XAU & HUI attacked their respective weekly HLS levels (extreme downside targets for this week), leaving open the potential for a subsequent rally in the coming weeks that could still see the XAU set new highs. If they reverse higher immediately, the XAU could see a rally to ~171.50 leading into mid-month.”
The 40-Year Cycle of Currency War continues to impact Gold and its relationship to the US Dollar. Gold fulfilled major cycles in Sept/Oct 2022 when it perpetuated a 7-Year Cycle of consistent lows (2001 – 2008 – 2015 – 2022) that coincided with the onset of a new 40-Year Cycle of Currency War AND 80-Year Cycle of War…
Outlook 2022/23: A New Currency War Begins
Outlook 2023: A New Currency War & Inflation
40-Year Cycle – Dollar Dominion, Dilemma & Demise
Late-2023 was projected to reaffirm this analysis when Middle East War Cycles were projected to reignite (in October 2023… exactly when war broke out)…
Middle East War Cycles Collide in Late-2023
In the subsequent months, Gold powerfully validated that cycle and projected a breakout surge in the months/year to follow the early-October 2023 low…
Solar, Seismic & Gold Intensity Cycles
All that sets the stage for what has been projected for Gold (as well as the US Dollar, Bitcoin, etc.) in 4Q 2024… and throughout 2025. The current phase of that outlook should spur a final rally in Gold – leading into late-October 2024 when multi-month & multi-year cycles converge. That will likely time a 3 – 6 month peak and a November/December ’24 correction in Gold & Silver. What then?
See current publications for the most updated analysis.
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.